Todd Penegor is the CEO of Wendy's, having taken on the role in May 2016 after being the President and CFO. He joined Wendy's in June 2013, making a significant impact as he steered the company’s financial strategies and growth....

Todd Penegor is the CEO of Wendy's, having taken on the role in May 2016 after being the President and CFO. He joined Wendy's in June 2013, making a significant impact as he steered the company’s financial strategies and growth. Todd is a Michigan State University graduate where he earned a degree in Business. Before Wendy’s, he worked for Kellogg Company for over a decade in various leadership roles. Under his leadership, Wendy's has been focusing on performance metrics like sales growth and sustainability. Interesting to note, his total compensation package for 2023 was about $8.6 million, a mix of salary, bonuses, and stock awards based on the company's performance. The Wendy's Company, known for its iconic burgers and fresh ingredients, has been making strides in restaurant rebranding and digital ordering, aiming to enhance customer experiences while expanding international operations. Todd's approach emphasizes aligning incentives with company performance, which reflects in Wendy's ongoing growth strategies and shareholder value.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Wendy's CEOs

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Todd Penegor

Ex-CEO of Wendy's

Education

Bachelor's degree in Business from Michigan State University.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

May 1, 1965 - 60 years ago

CEO of Wendy's for

8 years 0 months (May 2016 - Jun 2024)

Previous Experience

Chief Financial Officer and International at Wendy's, various roles at Kellogg Company and Ford Motor Company.

Rivals

Competitors/colleagues of Todd Penegor

R

Joshua Kobza

CEO of Restaurant Brands International

2023 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$2.05M

Other

$15.26K

Total Holdings

$66.16M

Holdings

See how much did Todd Penegor make over time.

Todd Penegor has a significant stake in Wendy's, reflective of his strong belief in the company’s future. His highest wealth was linked to stock awards that were vested at 60.5% in 2023, making his vested stock value approximately $4.3 million...

Todd Penegor has a significant stake in Wendy's, reflective of his strong belief in the company’s future. His highest wealth was linked to stock awards that were vested at 60.5% in 2023, making his vested stock value approximately $4.3 million this year alone. The size of his holdings has seen fluctuations, with notable increases in his stock awards during peak performance years for the company. These share holdings underscore his financial commitment to Wendy's, which plays a role in his strategic decisions. Over the years, the total value linked to his holdings has varied, showing a strong recovery trend that aligns with Wendy's growth. It’s clear that Penegor's wealth is closely tied to the performance of Wendy's, aligning his incentives with the company’s goals.

Mar 17, 2025

W

shares

WEN @ $15.31

Total Stock Sold

$37.15M

WEN

$37.15M

1,497,218 WEN shares

What if they kept their stock?

If Todd Penegor didn't sell their stock, today they would have:
Extra WEN1,497,218 shares worth $32.85M.
This is -11.57% and $4.30M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Todd Penegor.

WEN

65,589 shares

WEN

Mar 1, 2023

Received

WEN

74,448 shares

WEN

Mar 2, 2022

Received

WEN

$17.36M

WEN at $26.72/share

Jun 8, 2021

Sale

WEN

115,377 shares

WEN

Mar 3, 2021

Received

WEN

$5.93M

WEN at $22.47/share

Nov 9, 2020

Sale

WEN

$6.37M

WEN at $21.23/share

May 11, 2020

Sale

WEN

141,521 shares

WEN

Feb 19, 2020

Received

WEN

$6.06M

WEN at $21.34/share

Nov 25, 2019

Sale

WEN

239,359 shares

WEN

Feb 27, 2019

Received

WEN

51,515 shares

WEN

Feb 28, 2018

Received

Compensation History

See how much did Todd Penegor make over time.

In 2023, Todd Penegor's total compensation reached $8.6 million. This included a salary of about $1.15 million, with no bonuses awarded that year, which is noteworthy as bonuses were part of his previous packages. However, he did receive substantial performance-based stock awards valued at approximately $4.3 million, indicating a strong performance metric tied to free cash flow and stockholder returns. Over the years, his compensation structure shows a clear design to motivate executives based on achieving specific financial targets. In 2021, he earned a whopping $5.6 million, including a significant bonus due to above-average company performance. His compensation plan reflects a philosophy focused on attracting talent, rewarding performance, and aligning the interests of executives with those of shareholders, which is crucial in the competitive fast-food industry.

Year

2023

Total Compensation

$5.52M

Salary

$1.15M

Board Justification

The compensation program is designed to attract and retain highly qualified executives, motivate and reward for achieving performance goals, and align interests with stockholders.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023.

Other

$54.09K

Board Justification

Includes 401(k) contributions, automobile allowance, and other perquisites.

Restricted Stock

$4.31M(103.34K Performance Units)

Board Justification

Performance unit awards vested at 60.5% based on cumulative free cash flow and relative total stockholder return performance metrics for the period ending December 31, 2023.

Performance Metrics

Adjusted EBITDA, Global Systemwide Sales Growth, ESG Performance Measure.

Other Wendy's CEOs

Here are other CEOs of Wendy's

Emil Brolick

Ex-CEO of Wendy's

September 2011 - May 2016

Abigail Pringle

CEO of Wendy's

June 2024 - Present